The Bitcoin (CRYPTO: BTC) halving on April 19 was underappreciated this year, overshadowed by the SEC's approval of spot Bitcoin ETFs. Nonetheless, the 2024 halving's significance should not be ignored. It reduced the mining reward from 6.25 BTC to 3.125 BTC, slowing Bitcoin mining to maintain a low supply.
Predicting price movements based on past halvings is challenging due to the small sample size. Bitcoin hit a high of $73,000 in mid-March, but the halving was overshadowed by ETF news. Despite a pullback, Bitcoin's rally from $16,000 in late 2022 is impressive. Remember, it’s about time in the market, not timing the market.
